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Title: Leadership, Business Schools and Financial Crises: The search for a missing link
Contributor(s): Khan, Ashfaq A  (author); Ahmad, Wiqar (author)
Publication Date: 2013
DOI: 10.7790/cibg.v19i1.8
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Fields of Research (FoR) 2008: 150203 Financial Institutions (incl Banking)
150205 Investment and Risk Management
150299 Banking, Finance and Investment not elsewhere classified
Fields of Research (FoR) 2020: 350204 Financial institutions (incl. banking)
350208 Investment and risk management
Socio-Economic Objective (SEO) 2008: 900101 Finance Services
900199 Financial Services not elsewhere classified
Socio-Economic Objective (SEO) 2020: 110201 Finance services
110299 Financial services not elsewhere classified
Abstract: Business schools produce leaders who command 'power' and 'governmentality', as per Foucault's theoretical conceptualisations, to institutionalise routines and social practices in contemporary organisations. These leaders must uphold ethics in their business decisions; however, this has not been reflected in many instances, as recurring financial crises have depicted over time. Efforts to address the issue and reach its root cause have failed to deliver concrete results so far, which necessitates an objective probe into today's business education. This conceptual-cum-analytical paper proposes an alternate, indirect approach to effectively tackle the issue. We suggest two remedies: first, transformative teaching and learning activities that inculcate ethical values into students should be implemented at the grass root level - primary and secondary schools, that feed into business schools with future business leaders; second, a conducive corporate governance environment within business organisations that supports ethical decisions and nurtures ethical behaviour needs to be developed - arguably the first being the prerequisite for the second.
Publication Type: Journal Article
Source of Publication: Journal of Contemporary Issues in Business and Government, 19(1), p. 47-64
Publisher: Curtin University of Technology
Place of Publication: Australia
ISSN: 1323-6903
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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